Hi All,
Need clarification regarding TDS interest.
we have deducted and remitted to department for the FY 2018-19 TDS in the month of Jun'20.
what is the rate of interest to be deducted. whether it is 1% or 1.5%
while doing TDS return what is the date of payment to be mentioned and what is the date of deduction to be mentioned.
Kindly clarify.
| Originally posted by : Chandrasekar | ||
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Hi All, Need clarification regarding TDS interest. we have deducted and remitted to department for the FY 2018-19 TDS in the month of Jun'20. what is the rate of interest to be deducted. whether it is 1% or 1.5% while doing TDS return what is the date of payment to be mentioned and what is the date of deduction to be mentioned. Kindly clarify. |
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Dear Chandrasekar Ji
First kindly confirm to all Ca Club Member
1- Date on which you deduct TDS of the Month Jun'20
2- Date on which you deposited or still not deposited
Thanks with Regards
Ravi SADhiyan
Actually the amount was already paid in the month of Jun'20 pertaining to Mar'19.
we have deducted and remitted to department for FY 2018-19 along with Interest 1% in the month of Jun'20.
while doing TDS revised return for FY 2018-19, we have to mention the date of deduction has 30.06.2020 and date of payment 30.06.2020.
Pls confirm
CAclubindia
